Selected ledger accounts of Texas Company, a U.S. multinational enterprise, related to a forward contract for 800,000 local currency units (LCU) that Texas had not designated as a hedge, are as follows:
Reconstruct Texas Company's journal entries for the forward contract on May 8, May 31, June 30, and July 7, 2006 (for the receipt of the local currency units only). Omit explanations.

Question

Selected ledger accounts of Texas Company, a U.S. multinational enterprise, related to a forward contract for 800,000 local currency units (LCU) that Texas had not designated as a hedge, are as follows:
  Reconstruct Texas Company's journal entries for the forward contract on May 8, May 31, June 30, and July 7, 2006 (for the receipt of the local currency units only). Omit explanations.

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The Answer of Selected ledger accounts of Texas Company, a U.S. multinational enterprise, related to a forward contract for 800,000 local currency units (LCU) that Texas had not designated as a hedge, are as follows:
  Reconstruct Texas Company's journal entries for the forward contract on May 8, May 31, June 30, and July 7, 2006 (for the receipt of the local currency units only). Omit explanations.

Selected Ledger Accounts of Texas Company, a U